('Trifast' or 'the Company' or 'the Group')
INTERIM MANAGEMENT STATEMENT
15 August 2008
Trifast, an international manufacturer and distributor of industrial fasteners and components, today announces its interim management statement for the first quarter to 30 June 2008.
Trifast continues to benefit from a broad base of international customers in a diverse group of industry sectors and as a result the Company has had a satisfactory start to the year and current trading continues to be broadly in line with market expectations.
A key platform of Trifast's new business strategy has been the introduction of the new business sales team in Europe and we are encouraged that a number of the Group's European sites are producing a good trading performance. Additionally, in the US, the Master Distributor Sales Programme is showing month on month growth.
Overall the Board remains cautiously optimistic with regards to the Group's prospects for the financial year as a whole. The Group's financial position remains robust with good operational cash flow in the period.
The Company's Annual General Meeeting takes place on September 23 2008 and the interim results for the six months ending September 30 2008 will be announced in November 2008.
- ENDS -
Trifast Group plc Tel: 01825 747 366
Steve Auld, Chief Executive Officer
Stuart Lawson, Chief Financial Officer
Reg Hoare / Will Swan / Will Henderson Tel: 020 7360 4900
Fairfax I.S. plc
Simon Bennett / Jeremy Porter Tel: 020 7598 5368
For more information please visit www.trifast.com